Solar power is leading the decarbonisation of the power system. Despite a few challenging years with global supply disruption, solar power has continued its exponential growth. The milestone of 1TW installed solar generation capacity worldwide was passed in 2022, and close to 350GW was added in 2024. Forecasts indicate that the installed solar capacity may almost double every three years. The added capacity is deployed through utility scale projects, rooftop installations and decentralised generation. Rapid market growth will see an increase of construction, financing and transactions related to solar power assets. With solar power now an established technology and a more substantial part of the overall power generation, the regulatory landscape is also adapting. Many jurisdictions are seeing more mature and comprehensive regulation of solar power, making the development process of projects more complex.
This second edition of Solar Power: A Practical Handbook provides an in-depth analysis of various aspects of solar power including its commercial, technological and regulatory characteristics. It also provides a practical guide to developing, financing, acquiring and disposing of solar power projects. While being a technology which has been adopted on a global basis, each jurisdiction has its own dynamics, so the book considers the market-specific aspects of solar power in a number of key locations including Brazil, China, France, Germany, India, Italy, Japan, the Middle East, Morocco, Spain, the United Kingdom and the United States.
This book, featuring chapters by leading practitioners, will be of interest to lawyers, commercial managers, financiers and other consultants working in or alongside the solar power sector.
Jadual kandungan
Introduction 5
Philip Tonkin
Alight
Part I. Regulation, technology and economics
Legal, regulatory and industry frameworks 7
Munir Hassan
CMS Cameron Mc Kenna Nabarro Olswang LLP
Solar power technologies and how they work 27
David Fernandez
Isabel Romero
Graeme Steer
SLR Consulting
Economic drivers: global drive to net zero, route to market, pricing and the trend of colocation 63
Peter Lo
SLR Consulting
Part II. Developing solar power projects
The anatomy of a solar power project 73
Matthew Williams
Addleshaw Goddard LLP
Real estate 89
Peter Mason
Addleshaw Goddard LLP
The project agreements 103
John Deacon
Duncan Parker
Osborne Clarke LLP
Securing project revenues – the route to market and monetisation of generation 117
Lis Blunsdon
White & Case LLP
Financing perspectives 133
William Evans
Financial adviser
Part III. M&A in the solar power market
M&A and corporate structuring 155
Yolanda Yong
HWF Partners
Part IV. Regional perspectives
Brazil 197
Ana Carolina Katlauskas Calil
Cescon Barrieu Advogados
João Ribeiro da Costa
Tozzini Freire Advogados
Urias Martiniano Garcia Neto
UMN Advogados
China 213
Lynia Lau
Ting Su
Loeb & Loeb LLP
France 235
George Rigo
Bryan Cave Leighton Paisner LLP
Germany 247
Tilman Petersen
von Bredow Valentin Herz
India 257
Abhishek Saxena
Phoenix Legal
Italy 281
Daria Buonfiglio
Carlo Montella
Marcello Montresor
Francesco Palmeri
Maria Teresa Solaro
Green Horse Legal Advisory
Japan 299
Maya Ito
Amane Kawamoto
Rafael Sang-Kyun Bong
Nathan Schmidt
Nishimura & Asahi
Middle East 329
Keith Bullen
CMS (UAE) LLP
Morocco 349
Ghalia Mokhtari
Mokhtari Avocats
Spain 365
Nasif Hamed
Fernando Quicios
Sol Sepúlveda
Belén Wert
Pérez-Llorca
United Kingdom 395
Lis Blunsdon
White & Case LLP
United States: California 405
Abigail Sharkey
Tony Toranto
Sheppard Mullin
About the authors 433
About Globe Law and Business 445